A wagering system is associated with a first wagering facility, communicably coupled with a network and includes a memory operable to store betting odds on a plurality of wagering events hosted by the first wagering facility. The system includes a processor coupled to the memory and operable to receive via the network a first bet on a particular event comprising at least one of the wagering events hosted by the first wagering facility. If a second bet is received within a predetermined period of time after the first bet is received, the processor recalculates the betting odds on the particular event based upon the first bet and the second bet. If a second bet is not received within a predetermined period of time after the first bet is received, then the processor recalculates the betting odds on the particular event based upon the first bet.
Legal claims defining the scope of protection, as filed with the USPTO.
3. The method of claim 1, in which a third simulcast wagering facility of the plurality of simulcast wagering facilities includes a plurality of physical betting terminals that allow a plurality of bettors to bet at least on the wagering event.
6. The method of claim 1, further comprising controlling, by the processing device, receiving the second bet separately from the bet.
7. The method of claim 1, wherein the wagering event comprises a pari-mutuel wagering event.
8. The method of claim 1, further comprising controlling, by the processing device, recalculating odds substantially in real-time.
11. The hub of claim 9, in which a third simulcast wagering facility of the plurality of simulcast wagering facilities includes a plurality of physical betting terminals that allow a plurality of bettors to bet at least on the wagering event.
Cooperative Patent Classification codes for this invention. Click any code to explore related patents in that topic.
November 1, 2021
January 16, 2024
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